Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Brasil Foods, Marfrig Tumble as JPMorgan Cuts Stocks to Sell

Don't Miss Out —
Follow us on:

Sept. 28 (Bloomberg) -- BRF - Brasil Foods SA, the world’s largest poultry exporter, and Marfrig Alimentos SA, Brazil’s second-biggest food company, slumped after JPMorgan Chase & Co. cut both stocks to the equivalent of sell from neutral.

Brasil Foods fell 1.7 percent to 35.01 reais at the close of trading in Sao Paulo. Marfrig slid 1.7 percent to 11.80 reais after earlier retreating as much as 4.2 percent. The benchmark Bovespa index lost 1.8 percent.

JPMorgan’s 12-month price target for Marfrig is 10 reais. For Brasil Foods it is 33 reais.

To contact the reporter on this story: Denyse Godoy in Sao Paulo at dgodoy2@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.